Transnet unveils R17bn coal solution
The much-vaunted Lothair rail project, expected to help massively ramp up coal deliveries to Richards Bay, was officially unveiled with a completion date of 2016 set for the initiative.
Gold Fields agrees plan to resume Kyrgyz drilling
Gold Fields has signed an agreement with Kyrgyz villagers that will enable it to resume drilling at a prospective copper deposit, three months after an arson attack.
LME board to consider bids in late February
The London Metal Exchange has several serious potential bidders and will consider takeover proposals at its board meeting in late February, says CEO Martin Abbott.
Eskom asks for 10% drop in power use
Power utility Eskom says it needs people to cut their power usage by 10% to keep the country's electricity supply running.
Miranda Minerals suspends trading
Trading in Miranda stock on the JSE has been suspended at the request of the company, after its two major shareholders demanded the repayment of outstanding loans.
Mboweni buys stake in iron ore junior
Former Reserve Bank Governor Tito Mboweni and his brother, Alto, will buy up to 20% of iron ore junior Ferrox Holdings in a $32m deal.
Malawi, Vale ink $1bn rail line deal
Malawi has signed a $1bn deal with mining giant Vale for construction and rehabilitation of a rail line to transport 18 million tonnes of coal from Mozambique.
Mozambique families protest against Brazil’s Vale
Families resettled by Brazilian mining giant Vale in the Tete region of Mozambique have protested that the company had failed to keep promises it made to them in 2009.
LME faces backlash against new trading fee
LME members are pushing the exchange to backtrack on a new trading fee that would boost its revenues and entice potential bidders for the 130-year-old exchange.
Chinese firm closes in on Extract
China is a step closer to pounce on Extract Resources after Namibia’s competition authorities has consented to a proposed takeover.